Wex is bound to bounce as the global commerce platform’s efforts to court new customers drives its sales recovery, according to Loop Capital. The investment firm initiated coverage with a buy rating. It also put a $195 price target on shares, implying 30.8% from Monday’s close. “WEX’s management team has been winning new business that is expected to contribute more to revenue growth in 2026 than in 2025, analyst Dominick Gabriele said Monday in a note to clients. “As underlying [same store sales] in mobility likely recovers, this recovery along with company specific efforts should provide for underlying revenue growth acceleration and adjusted operating margin expansion.” WEX has three main business verticals: mobility, benefits and corporate payments. Its mobility segment offers payment solutions, transaction processing and information management solutions for its clients. Loop Capital expects Wex to stage a comeback, particularly as its over-the-road (OTR) business that makes up ~30% of mobility segment secures more sales. Wex has fallen nearly 4% over the past three months and is more than 20% below its 52-week high. Its decline comes after the company shared earlier this year underwhelming data on its mobility processing take rate due to volatile fuel prices, per Loop Capital. WEX 3M mountain Shares are down nearly 4% over the past three months. “Some investors perceive an ongoing mobility processing take-rate headwind,” Gabriele wrote. However, “mobility processing take rates are set to improve from the 1Q26 level starting in the 2H26 and into 2027… assuming fuel prices revert towards historical norms given the mix of fixed large fleet transactions and volume based local fleets.” The analyst added that underlying industry tailwinds could also boost WEX’s businesses, benefiting its stock. Loop Capital’s call goes against consensus on the Street. Of the 14 analysts covering WEX, 10 have a hold rating on shares, LSEG data shows.
